📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store

    • Question

      A listed insurer remeasures its defined benefit plan

      obligation at year-end, and also records fair value changes of equity instruments irrevocably designated at FVOCI. Which items appear in OCI and are not recycled?
      A Only DBO remeasurement Correct Answer Incorrect Answer
      B Only equity FVOCI Correct Answer Incorrect Answer
      C Both DBO remeasurement and equity FVOCI Correct Answer Incorrect Answer
      D Neither; both go to P&L Correct Answer Incorrect Answer
      E DBO remeasurement recycled to P&L, equity not Correct Answer Incorrect Answer

      Solution

      Both are OCI items not recycled to P&L under Ind AS.

      Practice Next
      ask-question